If every department is expected to function as profitably as the most-profitable department, then this can happen. Even if Windows makes money, if it doesn't m

If every department is expected to function as profitably as the most-profitable department, then this can happen. Even if Windows makes money, if it doesn't make as much as Azure (or whatever else is doing really well at any given moment), then it stands out. Looking at "Home" Windows vs. "Pro" Windows probably makes this even more stark: I'd bet home/consumer editions of Windows are bleeding money. Heck, they've probably been losing money on home Windows for a decade or more (i.e. even back to when Microsoft still charged for updates), but the loss was offset by sales of Office (every non-techie's first question after giving them a clean Windows install: "where's Office?"). But now installed Office is getting replaced by cloud solutions, most of which aren't Microsoft.